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Cryptocurrencies

Bitcoin and the best cryptocurrencies are easy to handle with CRYPTON DIGITAL, SE

Are you new to the world of cryptocurrencies? This guidepost is just for you.



Bitcoin and Ethereum coins

What are cryptocurrencies?

Cryptocurrencies are named after their use of cryptography and mathematical algorithm. The primary functions of cryptocurrencies are as follows: they are decentralised, transparent, unchanging, and safe, thanks to blockchain technology.

What do decentralization and deregulation mean?

Cryptocurrencies do not know the boundaries and regulations of traditional fiat currencies; it is also the reason why they are gaining in popularity every day. For example, the bitcoin network is not controlled by a single central authority, and thus no central authority can influence monetary policy. Transactions are processed by computers that mine bitcoin.

Most countries have the right to issue new money. As money in circulation increases, the currency depreciates (inflation). In the case of bitcoins, the total amount of money in circulation is final and known in advance; it cannot exceed 21 million bitcoins. Therefore, we speak of bitcoin as the deflationary currency.

The anonymity of transactions is an advantage, but on the other hand, virtual currencies allow illegal trading. Some cryptocurrencies are fully anonymous, with a priority on absolute privacy.

Blockchain

What is a blockchain?

Blockchain is a decentralized database containing all transactions of a specific cryptocurrency.

Blockchain is a new technology used by most cryptocurrencies, including bitcoin. In the blockchain network, the entering of individual information is stored in blocks.

These blocks are created by miners and then interconnected according to defined cryptographic rules. Blockchain is also called an open ledger that no one can manipulate, thanks to its decentralized nature.


How does blockchain work?

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Bitcoin

The oldest cryptocurrency called digital gold




Bitcoin was developed in 2009. Thanks to blockchain technology, it is the first decentralized cryptocurrency to start a revolution globally.

Its creator is still anonymous, and we only know it under Satoshi Nakamoto's pseudonym.

Bitcoin is also known as digital gold and, due to its deflationary nature, with clearly defined conditions, is a store of value for many.

The latest articles about bitcoin



  • 03-Mar-2022
  • Bitcoin

Bitcoin vo svete: Krajiny, kde sú kryptomeny najpopulárnejšie

Do sveta kryptomien naskakujú už nielen ľudia a firmy, ale aj banky či samotné vlády a štáty. V ktorých krajinách sa bitcoin a kry...

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  • 25-Nov-2020
  • Bitcoin

Prečo Bitcoin znova rastie?

Prečo Bitcoin rastie? Na túto otázku sa Vám pokúsime priblížiť odpoveď v nasledujúcich riadkoch.

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  • 31-Oct-2020
  • Bitcoin

Bitcoin Whitepaper oslavuje 12. narodeniny rastom ceny

Dnes 31. októbra si pripomíname 12. narodeniny od historicky prvej zmienky o Bitcoine. Bitcoin to oslavuje pozitívne a útočil prer...

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What is bitcoin?

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Glossary

Take a look at the frequently used terms you will encounter in the world of cryptocurrencies.



VOLATILITY

This represents the rate of change in the value of a cryptocurrency or stock price. In the cryptocurrency market, volatility is mu...

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SATOSHI NAKAMOTO

Bitcoin was created in 2009 by a man who used the pseudonym Satoshi Nakamoto. It remains uncertain whether it was really a person...

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MINING

The process of solving cryptographic calculations in order to extract coins of a given cryptocurrency. If a miner solves the calcu...

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HODL (hold on for dear life)

The typo from the English word HOLD has become popular - it means long-term holding, i.e. if someone HODLS cryptocurrency, they wa...

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ALL TIME HIGH / ATH

This represents the highest value that the cryptocurrency has ever reached. An example is Bitcoin, which was valued at USD 19,500...

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ALTCOIN

It is named the bitcoin cent - it has 8 decimal places and 1 BTC = 100,000,000 satoshi (named after Bitcoin's founder, Satoshi Nak...

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CRYPTON DIGITAL Blog

Read interesting facts and articles from the bitcoin and cryptocurrencies world



  • 15-Aug-2022
  • Crypton News

Veľkí hráči Wall Street prehlbujú svoju angažovanosť vo svet...

Je dosť pravdepodobné, že sa kryptotrh čoskoro zotaví. Bitcoin porazí zlato ako uchovávateľa hodnoty.

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  • 08-Aug-2022
  • Crypton News

Svet digitálnych technológií sa rozrastá stále viac a viac.

Bitcoin prekročil cenu 24 000 dolárov. Meta zavádza funkciu Instagram NFT v 100 krajinách.

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  • 01-Aug-2022
  • Crypton News

Adopcia kryptomien v niektorých krajinách napriek medvediemu...

Ďalší Bull Run bitcoinu príde v roku 2024. Vitalik Buterin: „Metaverse Facebooku zlyhá.“

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